Here are the latest updates in blockchain technology:👀

1. **Bitcoin and Ethereum Transaction Fees Drop**: Transaction fees for both Bitcoin and Ethereum have dropped to their lowest levels in seven months. This decrease is partly due to the April 2024 Bitcoin halving, which reduced the BTC mining reward by half.

2. **Tron Network Milestone**: The trading volume of USDT on the Tron network has surpassed that of Visa, indicating a growing adoption of stablecoins on this blockchain. Additionally, a Bitcoin-friendly executive has been appointed as the CEO of a major German bank valued at $6 billion.

3. **Introduction of Brollups Technology**: A Bitcoin developer has introduced a new layer 2 technology called "Brollups." This technology aims to support over 90% of decentralized finance (DeFi) use cases, including NFT sales and token orders on decentralized exchanges (DEXs).

4. **Concerns Over Crypto ETFs in South Korea**: A South Korean think tank has expressed concerns about the volatility and risks associated with crypto ETFs, emphasizing the need for more research and regulatory measures.

5. **Massive AVAX Transfers**: Avalanche (AVAX) experienced significant transfers worth $54 million, causing a 5% drop in its price over the past 24 hours

These events highlight the ongoing developments and growing adoption in the blockchain and cryptocurrency sectors globally.
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